j-Group Holdings Corp. (TSE:3063) announced a private placement of 15,000 series 1 warrants at a price of ¥960 per warrant for gross proceeds of ¥14,400,000 on April 11, 2018. The transaction will take place through third party allotment. The warrants will be convertible into 1,500,000 common shares at a fixed exercise price of ¥992 per warrant. The transaction will include participation from SMBC Nikko Securities Inc., Investment Arm. The transaction is expected to close on May 1, 2018. The transaction has been approved by the board of directors.